Breaking Down Beijing Lier High-temperature Materials Co.,Ltd. Financial Health: Key Insights for Investors

As Beijing Lier High-temperature Materials Co., Ltd. (002392.SZ) posts a quarterly revenue of 1.99 billion CNY (up 10.83% sequentially) and a TTM revenue of 6.78 billion CNY (YoY +3.79%), investors face a mixed but data-rich picture: trailing net income stands at 356.64 million CNY (EPS 0.30 CNY) with a gross margin of 13.89% and net profit margin of 5.26%, while the balance sheet shows a low debt-to-equity of 0.11, a net cash position of 1.14 billion CNY and interest coverage of 20.11; valuation metrics include a trailing P/E of 25.07, P/B of 1.52 and EV/EBITDA of 18.26, the stock is up 40.34% over 52 weeks, and growth catalysts such as forecasted revenue and earnings growth of ~10-12% annually, strategic collaborations with Shangtang Technology and Hangzhou Xiwang Xinke, a 70% stake in the Baogang Lier JV, plus a 25.21 million-share buyback for 103.91 million CNY sit alongside risk signals like an Altman Z-Score of 2.64, a Piotroski F-Score of 5 and an earnings decline trend averaging -6.3% per year compared with the Metals & Mining industry's 7.9% earnings growth.

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) Revenue Analysis

• Quarterly revenue (Q3 2025, ending Sep 30): 1.99 billion CNY - up 10.83% vs. prior quarter.
• Trailing twelve months (TTM) revenue: 6.78 billion CNY - up 3.79% year-over-year.
• Full-year 2024 revenue: 6.33 billion CNY - a year-over-year increase of 11.66% from 2023.
• Revenue growth history: +20.06% in 2023 and +13.92% in 2022, showing multi-year expansion.
• Revenue per employee: ~3.37 million CNY based on 2,011 employees.
• Market capitalization: ~9.10 billion CNY with a price-to-sales (P/S) ratio of 1.34.

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Profitability Metrics

• Trailing twelve months (TTM) net income: 356.64 million CNY; EPS: 0.30 CNY.
• Gross profit margin: 13.89% - shows core product-level profitability after direct costs.
• Operating margin: 4.27% - indicates limited operating leverage and higher operating expenses relative to gross profit.
• Net/profit margin: 5.26% - the company converts about 5.26% of revenue into net profit.
• Return on equity (ROE): 6.38% - moderate return for shareholders.
• Dividend: 0.03 CNY per share annually; dividend yield: 0.45% - a low cash return to equity holders.
• Earnings growth: declining at an average annual rate of -6.3%, versus the Metals & Mining industry average of +7.9% annually.

• Profitability drivers: modest gross margin with slim operating margin implies pressure from SG&A or manufacturing overhead; net margin benefits from non-operating items or tax effects to reach 5.26%.
• Growth risk: negative earnings trajectory (-6.3% annually) contrasts with industry expansion, signaling competitive, demand, or cost challenges.
• Shareholder return: low dividend yield (0.45%) and modest ROE (6.38%) suggest limited immediate income/return appeal for income-focused investors.

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Debt vs. Equity Structure

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) presents a conservative capital structure characterized by low leverage and a strong liquidity buffer. Key headline figures below quantify the company's capacity to absorb shocks, fund operations, and service debt.

• Debt-to-equity ratio: 0.11 - a low level of debt relative to shareholder equity.
• Net cash position: 1.14 billion CNY (Cash & equivalents: 1.81 billion CNY; Total debt: 677.10 million CNY).
• Interest coverage ratio: 20.11 - indicates robust ability to meet interest obligations from operating earnings.
• Equity (book value): 5.91 billion CNY; Book value per share: 4.84 CNY.
• Market capitalization: 8.95 billion CNY with 1.19 billion shares outstanding.
• Total debt currently stands at 677.10 million CNY, representing an increase versus the prior period and a modest rise in leverage.

From an investor perspective, the combination of a low debt-to-equity ratio and a net cash position supports financial flexibility, while the high interest coverage ratio reduces refinancing risk. The recent uptick in total debt to 677.10 million CNY merits monitoring for its impact on leverage trends and cash-flow allocation.

Further context on ownership and trading dynamics can be found here: Exploring Beijing Lier High-temperature Materials Co.,Ltd. Investor Profile: Who's Buying and Why?

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Liquidity and Solvency

Beijing Lier displays robust short-term liquidity and low leverage, positioning the company comfortably to meet obligations and finance operations. Key metrics below quantify its capacity to absorb shocks, service debt, and maintain operational flexibility.

• Short-term coverage: Current ratio of 1.99 indicates nearly twice the current assets versus current liabilities, reducing rollover risk.
• Liquid reserves: Quick ratio 1.53 shows ample immediate liquidity when excluding inventory.
• Cash strength: Net cash of 1.14 billion CNY provides a tangible cushion for capital needs or downturns.

• Interest service: Coverage at 20.11x implies interest expense is immaterial relative to operating earnings.
• Leverage profile: Debt-to-equity at 0.11 signals conservative financing and low bankruptcy risk from leverage.
• Operational buffer: Working capital of 4.05 billion CNY supports day-to-day operations and potential growth initiatives.

For additional context on corporate direction that may influence liquidity and capital allocation, see Mission Statement, Vision, & Core Values (2026) of Beijing Lier High-temperature Materials Co.,Ltd.

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) Valuation Analysis

This section breaks down key valuation metrics for Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) to help investors assess relative price, balance-sheet backing, earnings multiple, and recent market momentum.

• Trailing P/E: 25.07 - current market price implies investors pay 25.07 times last 12 months' earnings.
• Forward P/E: 23.29 - projected earnings lower the multiple modestly, suggesting expected earnings growth or normalization.
• P/B ratio: 1.52 - the market values the company at 1.52× its book value, indicating moderate premium to net asset base.
• EV/EBITDA: 18.26 - valuation relative to operating cash-profit is elevated but within mid-market industrial range.
• P/S ratio: 1.32 - investors pay 1.32× annual sales.
• Market capitalization: 8.98 billion CNY; Enterprise value: 7.99 billion CNY.
• 52-week price change: +40.34% - strong one-year performance signaling positive market sentiment.

For contextual background on the company's history, ownership and business model, see: Beijing Lier High-temperature Materials Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Risk Factors

Key quantitative and qualitative risk indicators for Beijing Lier High-temperature Materials Co.,Ltd. highlight areas investors should monitor closely. The metrics below combine solvency, profitability, earnings momentum, leverage and market valuation to frame potential downside exposures.

• Altman Z-Score: 2.64 - moderate bankruptcy risk; below the safe-zone threshold (typically >2.99) but above distress (<1.8).
• Piotroski F-Score: 5 - indicates average financial strength; not signaling clear operational improvement or deterioration.
• Earnings trend: average annual decline of -6.3% - materially weaker than the industry's average growth of +7.9%, implying competitive or demand pressures.
• Net profit margin: 5.26% - below industry average, indicating thinner profitability and smaller cushion for shocks.
• Debt-to-equity ratio: 0.11 - low current leverage, but any meaningful increase in debt levels could materially impact financial flexibility given modest margins.
• Market capitalization: 8.95 billion CNY with P/S ratio 1.34 - suggests a moderate valuation relative to sales but sensitive to earnings deterioration.

Specific risk vectors to watch:

• Profitability pressure - with a 5.26% net margin and declining earnings (-6.3% annually), shocks to revenue (commodity prices, demand downturns) can quickly compress earnings.
• Leverage sensitivity - low current D/E (0.11) is a strength, but debt-funded expansion or working-capital needs could reduce the company's cushion given modest margins.
• Bankruptcy signal - Z-Score of 2.64 sits in a gray zone; sustained declines or deteriorating working capital could push the company toward higher distress risk.
• Operational performance - a Piotroski F-Score of 5 suggests inconsistent improvements in profitability, liquidity and operating efficiency; operational setbacks may not be quickly remedied.
• Valuation risk - market cap 8.95 billion CNY and P/S 1.34 price the company with moderate optimism; continued earnings underperformance versus industry (-6.3% vs +7.9%) could prompt multiple compression.

For context on corporate background, ownership and how the business operates, see: Beijing Lier High-temperature Materials Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Growth Opportunities

Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) shows several quantifiable growth drivers and corporate actions that may improve future profitability and shareholder returns.

• Analyst/forecasted growth: earnings +11.7% p.a., revenue +10.2% p.a.
• EPS growth projected at +11.8% per annum.
• Return on equity (ROE) expected to reach 6.9% within three years.
• Strategic partnerships: formal collaborations with Shangtang Technology and Hangzhou Xiwang Xinke to expand market reach and technology/product integration.
• Capital allocation and shareholder returns: completed equity buyback of 25,210,000 shares (2.13% of outstanding) for CNY 103.91 million.
• Operational consolidation: increased ownership in Baogang Lier joint venture to 70%, strengthening operational control and potential margin capture.

Key near- to mid-term catalysts and areas to monitor:

• Revenue realization from partnerships with Shangtang Technology and Hangzhou Xiwang Xinke (new contracts, OEM supply, tech licensing).
• Margin improvement and profit contribution from the enlarged 70% Baogang Lier JV stake.
• Impact of the CNY 103.91M buyback on EPS, free float, and capital structure.
• Achievement of forecasted EPS and ROE targets vs. execution risk in high-temperature materials demand cycles.

For corporate purpose and strategic context see: Mission Statement, Vision, & Core Values (2026) of Beijing Lier High-temperature Materials Co.,Ltd.